In India, a demographic golden age dawns
As the workforces of the U.S., U.K., and similar wealthy Western nations age, other countries with younger populations grow at a clip. Nowhere is this more true than India, where the median age is 29 (a decade younger than the U.S.) and GDP is growing at nearly 8% annually. As part of our ongoing “Age of Work” series, “Marketplace” host Kai Ryssdal and ADP Chief Economist Nela Richardson visited Mumbai to understand a workforce and economy that is very different from our own. In this episode, they visit a bustling bazaar where young jewelers are inheriting family businesses. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. Read the stories in today’s episode: India's economy is on the cusp of its demographic golden age It's tough to completely exclude energy prices from inflation calculations